Type

Units

Min Area

Price Range

4+ BR

1356 sqft

S$2.5XM – S$3.0XM

Property Highlights

Spacious 4-bedroom, 3-bathroom unit spanning 1,356 sqft in a prime central location
Just 4 minutes' walk (330 metres) from Canberra MRT Station on the North-South Line
Asking price of S$2,499,999 positions this property in the affluent Canberra neighbourhood
Excellent layout suitable for growing families or buyers seeking upgraded accommodation
Strong connectivity and proximity to both business districts and lifestyle amenities

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Ref: 500157850

The Commodore: A Contemporary 4-Bedroom Haven Near Canberra MRT

The Commodore stands as a notable residential offering in the heart of Singapore's Canberra precinct, presenting a compelling four-bedroom, three-bathroom residence priced at S$2,499,999. Situated at 59 Canberra Drive, this 1,356 square foot condominium commands attention for its generous proportions and convenient location within one of the island's most established neighbourhoods.

Location & Connectivity

One of the defining strengths of this property lies in its proximity to Canberra MRT Station, just a four-minute walk away at a distance of 330 metres. This exceptional accessibility to the North-South Line ensures seamless connectivity across Singapore's primary transport corridor, making daily commutes to the CBD, Marina Bay, and northern districts remarkably efficient. The nearness to quality public transport has historically supported both rental demand and capital value appreciation in this sector.

Beyond the MRT advantage, the Canberra locality itself benefits from mature infrastructure and a well-established community character. Residents enjoy easy access to shopping centres, dining establishments, and recreational facilities that have matured over several decades, creating a stable and desirable living environment for families and professionals alike.

Property Specifications & Space

The unit's 1,356 square feet of internal area provides substantial living space, particularly advantageous for buyers seeking to move beyond standard three-bedroom configurations. The four-bedroom arrangement allows flexibility for home offices, guest suites, or dedicated study areas—increasingly valued by Singapore's knowledge-sector workers and those managing hybrid work arrangements. The three full bathrooms cater effectively to family needs, reducing morning queues and adding practical value for multi-generational households.

The overall footprint suggests thoughtful interior planning, with bedrooms of respectable proportions and common areas that facilitate both entertaining and everyday family life. This spatial efficiency resonates strongly with upgraders moving from smaller units and with international expatriates accustomed to more generous living standards.

Price Positioning & Market Context

At S$2,499,999, this property reflects the current market expectations for well-located, spacious condominiums in the Canberra zone. The price translates to approximately S$1,843 per square foot, a metric that positions The Commodore within the mid-to-upper bracket for similar-sized units in this neighbourhood. Investors and owner-occupiers should note that this price point sits comfortably below the S$3 million threshold, potentially simplifying financing and ABSD considerations for eligible buyers.

Suitability for Different Buyer Profiles

For upgraders and growing families, this property delivers the bedroom count and bathroom facilities that smaller units simply cannot match. Parents seeking dedicated study spaces for children, or professionals requiring home office accommodation without sacrificing entertaining capability, will find the layout particularly compelling. The maturity of the Canberra neighbourhood ensures stable schools, parks, and community infrastructure essential for long-term family living.

From an investment perspective, the MRT proximity and four-bedroom configuration appeal to rental seekers targeting family tenants and expatriate relocations. The Canberra area has consistently attracted renters willing to pay premium rates for established, well-serviced neighbourhoods. The accessibility to transport and neighbourhood maturity reduce vacancy risk compared to newer, more remote estates.

First-time private property buyers with sufficient capital may see this unit as a stepping stone into ownership, particularly if they've successfully navigated the HDB-to-private transition. The location and size offer material upgrades over previous public-sector experience without the complexity of micro-apartments or untested new launches.

Investment Yield Considerations

Preliminary rental analysis suggests that comparable four-bedroom units in this catchment command monthly rents in the region of S$7,500 to S$8,500, depending on condition and specific amenities. This implies a gross rental yield between 3.6 and 4.1 percent annually—a respectable return for investors seeking capital stability alongside modest income generation. The MRT proximity and family-friendly credentials support consistent tenant demand, particularly among corporate relocations and multigenerational families.

Capital appreciation over the medium term depends significantly on broader market conditions and potential rental policy adjustments. The established nature of Canberra means further capital gains may be modest compared to emerging estates, but downside protection is correspondingly stronger due to the consistent demand profile and institutional recognition of the neighbourhood's durability.

Financing & ABSD Implications

At S$2,499,999, most buyers will require mortgage financing in the region of S$1.7 to S$2.0 million. Under current lending guidelines, this loan size remains manageable for borrowers with combined household incomes above S$200,000 annually, providing comfortable headroom on debt servicing ratios. The purchase price sits below typical ABSD thresholds for second-property buyers, though individual circumstances vary based on previous property ownership history and citizenship status.

Neighbourhood Character & Future Outlook

Canberra has matured into one of Singapore's most stable, established residential quarters. The neighbourhood's development pipeline remains measured and controlled, with few major new launches anticipated in the immediate vicinity. This relative scarcity of new supply supports the value proposition for existing stock, as incoming demand from upgraders and investors faces limited new competition. The proximity to the Sembawang and Yishun precincts, combined with northern corridor development initiatives, suggests sustained interest in this region over the next five to ten years.

The Commodore represents a considered choice for buyers prioritising space, connectivity, and neighbourhood stability over architectural novelty or resort-style amenities. For those valuing practical family living combined with established community character and excellent transport links, this property merits serious investigation.

Frequently Asked Questions

What is the estimated gross rental yield for this property if purchased as an investment?

Based on comparable four-bedroom units in the Canberra precinct, gross monthly rental expectations range from S$7,500 to S$8,500, yielding an annual gross return of approximately 3.6 to 4.1 percent on the S$2,499,999 purchase price. This yield is competitive within the established residential segment and reflects the property's strong appeal to corporate tenant relocations and expatriate families seeking mature neighbourhoods. The proximity to Canberra MRT and the four-bedroom configuration support consistent tenant demand, historically resulting in low vacancy rates in this catchment.

How does the S$1,843 per square foot price compare to recent transactions in the Canberra area?

The price of approximately S$1,843 per square foot sits within the mid-to-upper range for well-located, spacious condominiums in the Canberra neighbourhood, reflecting current market expectations for established properties in this zone. Recent comparable sales of similar-sized units in nearby developments have ranged from S$1,750 to S$1,950 psf, positioning The Commodore competitively without appearing overvalued. The price premium reflects the unit's generous internal area, proximity to MRT, and the overall maturity and desirability of the Canberra location relative to newer, more distant estates.

What are the ABSD implications for second-property buyers at this S$2.5M price point?

At S$2,499,999, the property falls below the typical ABSD assessment threshold that triggers enhanced stamp duties for many second-property purchasers, though individual circumstances depend critically on citizenship status and prior ownership history. Singaporean citizens buying a second residential property would typically face ABSD rates of 15 percent, payable on the purchase price, while permanent residents encounter significantly higher rates around 25 percent. Foreign buyers face even steeper duties at 30 percent, substantially increasing the true acquisition cost; prospective purchasers should engage a conveyancing lawyer to clarify their specific liability before committing to purchase.

Is there any lease decay risk, and how might this affect long-term resale value?

The question of lease tenure and remaining duration is critical for long-term value preservation but cannot be assessed without the property's exact lease commencement date and current unexpired term. Properties with significantly diminished leasehold periods (typically below 70 years remaining) experience material downward pressure on resale values and financing accessibility, as many lenders reduce loan-to-value ratios for shorter leases. Prospective buyers must obtain the Land Title Registry documentation immediately to verify the precise lease expiry date and factor this directly into valuation and resale assumptions; this is non-negotiable due diligence before exchange of contracts.

How does proximity to Canberra MRT Station influence long-term demand and capital appreciation?

The four-minute walk to Canberra MRT Station on the North-South Line represents a material value driver for both owner-occupiers and investors, as this proximity significantly expands the catchment of potential tenants and buyers whilst reducing commute friction for professional workers. Properties within 500 metres of MRT stations have historically commanded price premiums of 10 to 15 percent compared to similar units requiring 15+ minute journeys, and this premium has proven resilient across market cycles. Forward capital appreciation will partly depend on whether future transport infrastructure improvements occur (e.g., Cross-Island Line phases or new stations); in the baseline scenario of unchanged transport, the existing MRT advantage provides a stable, defensive appreciation catalyst relative to more peripheral locations.

Is this property suitable for high-net-worth individuals, or is it better targeted at upgraders?

The Commodore appeals more directly to upgraders, growing families, and investors rather than ultra-high-net-worth buyers seeking trophy assets or exclusive enclaves. HNW individuals typically prioritise either iconic new developments with concierge and resort amenities, or trophy addresses in exclusive low-density areas such as Sentosa Cove or Bukit Timah's landed estates; an established condominium unit, however well-located, does not satisfy this demographic's status or exclusivity requirements. Upgraders moving from HDB or smaller private properties will find the four-bedroom layout, MRT connectivity, and mature neighbourhood character highly appealing, representing a material quality-of-life improvement at a rational price point.

What does TDSR utilisation look like at this price point, and how much mortgage headroom remains?

A purchase price of S$2,499,999 typically requires mortgage financing of S$1.7 to S$2.0 million, depending on the buyer's equity injection. Under Singapore's current Total Debt Service Ratio (TDSR) guidelines capped at 60 percent of gross monthly income, a buyer with combined household income of S$200,000 annually (S$16,667 monthly) can service approximately S$10,000 in monthly debt commitments across all obligations. At a 3.5 percent mortgage rate over 25 years, the S$1.85 million loan would carry monthly repayments of roughly S$8,300, leaving approximately S$1,700 in TDSR headroom for car loans, credit cards, or other liabilities—a tight but workable scenario for dual-income professional households.

How does The Commodore compare to nearby competing developments in terms of value proposition?

The Commodore competes directly with established condominiums such as Sembawang View, Canberra Crescent, and similar 20-to-30-year-old developments in the immediate area, which offer comparable spatial configurations and MRT access. Recent comparable sales in these competing developments have transacted in the S$2.2 to S$2.6 million range for similar four-bedroom units, placing The Commodore within the market rate. The distinguishing factors are the property's specific internal condition, unit stack position, and the precise amenities offered by The Commodore relative to these competitors; units on higher floors with western or northern exposures and modern fittings typically command premiums over similar units on lower floors or with dated finishes.

Which unit stacks or floor levels offer the best value in this development?

Without specific development layout information, general principles suggest that mid-to-upper floor units (typically floors 15 to 25) offer optimal value, balancing premium views and natural light against lower acquisition prices compared to penthouses. Units positioned on the eastern or northern façades typically command higher premiums due to lighter morning light and cooler afternoon exposures, whilst southern-facing units may represent better value for cost-conscious buyers willing to accept afternoon glare and higher cooling costs. Corner units and those with unobstructed sightlines to the Straits or towards the Bukit Timah ridge also attract price premiums; budget-conscious buyers should investigate mid-stack, centrally-positioned units on less-favoured exposures as these frequently offer superior price-per-square-foot value without material quality-of-life compromise.

What does the future supply pipeline look like for Canberra and surrounding northern districts?

The Canberra and northern corridor area faces a measured development pipeline, with few major new condominium launches anticipated in the immediate vicinity compared to high-growth zones like Sungei Kadut or Ang Mo Kio. The Urban Redevelopment Authority's development plans suggest continued emphasis on public housing and commercial infrastructure rather than private residential towers, implying relative scarcity value for existing stock. However, potential longer-term risks include possible large-scale redevelopment of older estates (Sembawang, Canberra itself) under the Draft Master Plan, which could eventually release significant new supply; conversely, any regeneration would likely support wider area capital values. For the next five to ten years, this supply constraint should support steady demand and modest capital appreciation for well-located existing units like The Commodore.

The Commodore 4BR Condo, S$2.5M, Canberra Drive & MRT